An electrical conduit is a tube which is used for protecting and routing electrical wiring inside a building or structure. Electrical conduits are made up of metal, plastic, fibre, and other materials. While most conduits are rigid sometimes flexible conduits are used. The electrical conduit is very effective at preventing conductors from being damaged by impact, moisture, or chemical vapors.
MARKET SCOPE
The "Global Electrical Conduit Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Electrical Conduit Market with detailed market segmentation by material, by type, by end use, by trade size and by geography. The Electrical Conduit Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Electrical Conduit Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The Electrical Conduit Market has been segmented by material, by type, by end use and by trade size. By material the market has been bifurcated into metal and non-metal. By type the market has been bifurcated into rigid and flexible. By end use the market has been bifurcated into residential, commercial and industrial. By trade size(diameter) the market has been bifurcated into ? to 1, 1 ? to 2, 2 ? to 3, 3 ? to 4 and 5 to 6.
MARKET DYNAMICS
Growth Factors
- Increasing population and rapid urbanization
- Growing safety measures and shift from traditional gas pipe methods
- Increasing demand of electricity
Restraints
- Fluctuating raw material prices
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Electrical Conduit Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Electrical Conduit Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Electrical Conduit Market in these regions.
Impact of Covid 19 on Electrical Conduit Market
The Covid 19 pandemic has had a significant impact on the Electrical Conduit Market. As the number of cases were on a rise and a havoc was created due to the pandemic several government authorities and regulatory bodies imposed lockdowns and restrictions around the world. The demand and supply chain was completely disrupted which affected the market. Also, new infrastructure projects were postponed or shut down which resulted in decline in the sale of electrical conduits. However, from 2020 since there was a start in the ease of restrictions the market has shown signs of growth and will grow in the coming years and return to normal.
MARKET PLAYERS
The report covers vital developments in the Electrical Conduit Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Electrical Conduit Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Electrical Conduit Market. Below mentioned is the list of a few companies engaged in the Electrical Conduit Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Electrical Conduit Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Weinerberger AG
- Aliaxis Group S.A.
- Sekisui Chemical Co. Ltd
- ABB
- Schneider
- Hubbell
- Atkore International Group Inc
- Legrand S.A.
- Electri-Flex
- Mexichem